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Industry News
NAIC now offers the first news aggregation service of its kind to exclusively focus on the EDM private equity investment sector. This service is designed to help NAIC members and other stakeholders stay abreast of news and events in this field.
Industry Headlines
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Past Months’ Headlines
(Please note that some of the content mentioned below may now be available only on a subscription basis.)
| January 2009 |
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January 29, 2009 - JPMorgan Chase’s Jamie Dimon apparently wants one
thing and one thing alone: for regulators and legislators to stop
jawboning and come up with a solution to the banking industry’s problem.
http://dealbook.blogs.nytimes.com/2009/01/29/dimon-a-little-less-talking-a-little-more-action-please/
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January 29, 2009 - Polaroid
has agreed to sell its assets, including the Polaroid name and brand,
to a Luxembourg-based buyout shop. The maker of iconic instamatic
cameras
http://www.reuters.com/article/innovationNews/idUSTRE50S0UC20090129
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January 23, 2009 - The New York State Common Retirement Fund (Fund) has selected Bank of
America and Parish Capital as partners in its efforts to expand its
emerging manager private equity portfolio, State Comptroller Thomas P.
DiNapoli announced today.
http://osc.state.ny.us/press/releases/jan09/012309.htm
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May 2008
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May 29, 2008 - NAIC members CSW and the Goldman Sachs Urban Investment Group have acquired H2O Plus, which develops, manufactures and markets prestige, branded, water-based natural skincare products. CSW and Goldman Sachs Urban Investment Group will share joint ownership of the company.
http://www.pr-inside.com/print615401.htm
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May 26, 2008 - Illinois TRS announced that it is expanding its emerging managers program to include private equity, real estate and absolute return firms.
http://www.finalternatives.com/node/4434
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May 23, 2008 - llinois Teachers' Retirement System is accepting RFIs for private equity, real estate and absolute return emerging managers. Emerging alternatives managers are invited to submit RFIs at http://trs.illinois.gov. Private equity manager selection will be handled primarily by existing TRS staff, with assistance from private equity consultant PCG.
http://www.pionline.com/apps/pbcs.dll/article?AID=/20080523/DAILY/49342313/1036/PIDAILYMM
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May 21, 2008 – NAIC member Goldman Sachs Urban Investment Group and MBF Healthcare Partners announced the acquisition of OMNI Home Care, a Coral Springs, FL based provider of skilled nursing and therapy home healthcare services.
http://abfjournal.com/story.asp?id=23125
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May 20, 2008 - Smith Whiley Managing Director Colette Nakhoul was quoted in a Dow Jones article published on www.cnnmoney.com on the market for mezzanine investors. "For us, the environment has never been better."
http://money.cnn.com/news/newsfeeds/articles/djf500/200805200934DOWJONESDJONLINE000349_FORTUNE5.htm
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May 14, 2008 - NAIC members JPMorgan Asset Management and Fairview Capital Partners, along with Hamilton Lane, were named as finalists in a Los Angeles County Employees Retirement Association (LACERA) search for a separate account fund of funds manager to invest a discretionary $150 million portfolio of private equity emerging managers.
http://meltwaternews.com/magenta/xml/xmlarticles.xml?articleid=26027
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May 5, 2008 – Crain’s Detroit Business discusses MIST Innovations Inc., a portfolio company of NAIC member Oracle Capital and a participant in the Michigan Growth Capital Symposium May 14-15, 2008.
http://www.crainsdetroit.com/apps/pbcs.dll/article?AID=/20080505/SUB/805050359/1069
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April 2008
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April 22, 2008 - NAIC member Palladium Equity Partners is backing a management team in the acquisition of Remesas Quisqueyana, Inc. and Affiliates, a family-owned and operated company that offers money transfers and other services largely to Hispanic customers.
www.pehub.com/article/articledetail.php?articlepostid=11609 |
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April 16, 2008 - NAIC member Pharos Capital Group, LLC has teamed up with TPG Capital to acquire American Beacon Advisors, Inc. from AMR Corporation, the parent company of American Airlines, for $480 million
www.dallasnews.com/sharedcontent/dws/bus/stories/041708dnbusamrbeacon.6cf94f2c.html
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April 16, 2008 - Nursefinders, Inc., one of the largest healthcare staffing companies in the US and a portfolio company of NAIC members Pharos Capital Group and Goldman Sachs Urban Investment Group, announced that it has acquired Resources On Call, a leading independent allied staffing company.
www.nurses.com/content/news/
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April 15, 2008 - Former GE Vice Chairman Lloyd Trotter joins NAIC member firm GenNx360 Partners as a general partner.
www.iimagazine.com/Article.aspx?ArticleID=1911455
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April 10, 2008 - Stonehenge Capital invests $16.4 million in subordinated debt and equity in the acquisition of Sunbelt Steel Texas Inc., a Houston-based distributor of steel round bars, by Freestone Partners.
www.pehub.com/article/articledetail.php?articlepostid=11412 |
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April 8, 2008 - NAIC member Banc of America Capital Access Funds co-sponsors event honoring seven Michigan companies as winners of the Initiative for Competitive Inner City’s 2008 Inner City Award for Excellence in Urban Businesses.
www.crainsdetroit.com/apps/ |
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April 3, 2008 - Technology blog “My Mega Tech News” discusses Pandora TV, “South Korea’s largest user generated video site” and a portfolio company of NAIC member Altos Ventures.
technewzzzzz.blogspot.com/2008/04/koreas-pandoratv-looks-to-international.html |
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| March 2008 |
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March 25, 2008 - NAIC members ICV Capital Partners and 21st Century Group announced the sale of portfolio company Innovative Folding Carton to Bear Stearns Merchant Banking Group. The sale yielded a return over 2x invested equity.
www.tickertech.com/cgi/?a=news |
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March 25, 2008 - CSA Group, a portfolio company of NAIC member Hispania Capital Partners, was selected by the The Hispanic American Construction Industry Association (HACIA) as Professional Service Firm of the Year.
www.hispanicprwire.com/news.php |
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March 25, 2008 – Baltimore-based 450-passenger Bar Lady cruise ship will soon receive a makeover thanks to the investment of new owner Entertainment Cruises, a portfolio company of NAIC member ICV Capital Partners:
www.baltimoresun.com/business/ |
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March 21, 2008 - NAIC member Parish Capital has become the top manager of alternative investments for North Carolina’s $89 billion pension system.
eastbay.bizjournals.com/eastbay/othercities/triangle/stories/2008/03/24/ |
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March 21, 2008 - Palladium Equity Partners III receives $35 million from New York State Common Retirement Fund.
http://blogs.timesunion.com/business/?p=3247 |
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March 20, 2008 - Retention Education announced the completion of a round of Series B funding from a group of investors that includes NAIC member Ascend Venture Group.
www.hispanicbusiness.com//news/ |
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March 18, 2008 - CalSTRS commits $200 million to Invesco Private Capital’s New and Next Generation Managers II emerging managers program.
www.pionline.com/apps/pbcs.dll/article?AID=/20080318/DAILY/659684086
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March 17, 2008 - Arizona State Retirement System plans to make $995 million in additional private equity commitments in 2008
www.pionline.com/apps/pbcs.dll/article?AID=/20080317/PRINTSUB/432974891/1025/NEWSBRIEFS |
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March 13, 2008 - Widevine Technologies, a portfolio company of NAIC member Pacesetter Capital Group, received the IPTV World Forum Product of the Year Award for Best Internet TV technology.
www.streamingmedia.com/press/view.asp?id=8660 |
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| February 2008 |
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February 4, 2008 - Monte Brem, CEO of NAIC affiliate member Stepstone Group LLC, is quoted in a Pension & Investments article on renewed plan sponsor interest in venture capital (article includes photo of Brem)
www.pionline.com/apps/pbcs.dll/article?AID=/20080204/PRINTSUB/430047421/1031/TOC |
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| January 2008 |
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January 16, 2008 - ICV Capital Partners promotes Cory Mims to Managing Director and Zeena Rao to Vice President
www.reuters.com/article/pressRelease/idUS151864+16-Jan-2008+PRN20080116 |
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January 2008 - New York State Office of the State Comptroller announces its upcoming day-long Emerging Manager Diversity Roundtable, hosted in partnership with The Council of Urban Professionals
www.osc.state.ny.us/pension/conference/invitation.htm |
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January 9, 2008 - Outspark, a portfolio company of Altos Ventures, is attempting to change the market for Massive Multiplayer Online (MMO) games.
venturebeat.com/tag/invaltos-ventures |
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January 7, 2008 - Progress Investment Management CEO Thurman White comments on the growth of assets managed by women and minority owned firms in Pension & Investments Online
www.pionline.com/apps/pbcs.dll/article?AID=/20080107/REG/607018826/1009/MONEYMANAGEMENT |
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